Mortgage rates bumped back over 4 percent last week, CNBC reports, causing a drop in mortgage applications to refinance and to purchase a home.
The Mortgage Bankers Association announced that total application volume fell 6.6 percent from the previous week. Refinance applications were off 7 percent week-to-week after lower interest rates in the previous weeks caused it to soar.
Sign-up for Pro Builder Newsletters
Get all of the latest news and updates.